AUDUSD I can see why everyone would want to go long, “it’s oversold and due for a pullback”. Possibly some fundamentals with inflation still high in AUD. And as much as I agree, the market doesn’t care if it’s oversold. AUD just released data with less jobs added than expected. The daily and higher time frames have plenty of room to drop. Eyes are on the weekly demand at this point. Us DEGENS are still holding our shorts and will close with signs of reversal. Remember who you’re all going against, the hedgies.. and they don’t play fair. Goodluck.
AUDUSD I should have kept my shorts a little longer… I still don’t see touching the levels of the Japan trade. The Fed is still in a easing cycle and that cannot be dismissed
AUDUSD Caution advised today folks. Expect VERY high volatility. There's a lot of red folder (4) and orange folder (10) news today. If you're a beginner, I'd avoid trading quite frankly. It's days like today when accounts are blown.